In late May, American Express introduced The Blue Business® Plus Credit Card, which is the hottest new credit card that we’ve seen introduced in quite a while. The card offers 2x Membership Rewards points on the first $50,000 spent each calendar year, it earns Membership Rewards points that can be transferred to Amex airline and hotel transfer partners, and it has no annual fee (Rates & Fees).
This is the single best credit card out there for non-bonused spend, as there’s no other card that offers 2x transferrable points on non-bonused spend (otherwise the best out there are the Chase Freedom Unlimited® and Amex EveryDay® Preferred Credit Card, which are personal cards that offer up to 1.5x points on non-bonused spend).
On top of that, applying for this card typically doesn’t even come with a credit pull for existing Amex customers, and it doesn’t count towards Chase’s 5/24 limit either.
Anyway, when the card was introduced it didn’t officially have a welcome bonus, though there was a special offer for Amex affiliates that offered 20,000 bonus points upon completing minimum spend. Unfortunately that bonus on The Blue Business® Plus Credit Card has been eliminated as of yesterday. This change didn’t come with much notice, so I wasn’t able to write about it.
On one hand no one likes signing up for a card without a bonus. On the other hand, this is the single most lucrative card for everyday spend, it doesn’t have an annual fee, and for most it won’t even come with a credit inquiry, so the card is still very much worth signing up for.
It’s certainly possible that Amex brings back a welcome bonus on this card at some point, though if they do, I wouldn’t count on it being big, and I wouldn’t count on it being anytime soon. My guess is that the card has outperformed all their projections for the first few weeks, so I can’t imagine they’ll be encouraged to add a bonus, especially since they didn’t intend to offer one publicly to begin with.
So personally if I had been considering The Blue Business® Plus Credit Card but hadn’t signed up yet, I’d still consider doing so. The former welcome bonus is a sunk cost at this point, so I’d make the decision to apply based on whether or not you think the bonus is coming back anytime soon. Personally I don’t, and I’d rather maximize the double points category for 2017 than wait another year for the possibility of a fairly small introductory bonus.
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Blue Business® Plus Credit Card from American Express (Rates & Fees).